UPDATE 3-TransDigm Q2 results beat Wall Street view, shares up

BANGALORE May 6 (Reuters) - Aircraft component designer
TransDigm Group Inc (TDG.N: Cotización)posted better-than-expected
quarterly results, helped by sales of its proprietary products
as well as recent acquisitions, and raised its 2008 outlook,
sending its shares up as much as 11 percent.

Its product line includes overhead bin latches, ignition
systems, power conditioning devices and lavatory faucets.

TransDigm, which reported an organic sales growth of 10
percent in the second quarter, is also a supplier of audio
systems for Boeing's (BA.N: Cotización) 787 Dreamliner aircraft. The 787
program is now running about 15 months late after three delays.

"We do not believe the reschedule (of the 787 program) will
have a material impact on our 2008 financial performance but,
in any event, it is captured in our new guidance," CEO Nicholas
Howley said in a conference call.

However, Lehman's Copeland said, "What makes a little bit
of an impact is if the research and development effort drags
on."

R&D costs are expected to remain flat in the third quarter
and then taper off in the fourth quarter, assuming Boeing does
not stretch the schedule any more, the company said in the
call.
Continuación...